Cyprus, the crossroads of Europe, Asia, and Africa, the first stop for China to the European continent, the maritime pearl of Europe, renowned for its favorable tax system and as a holiday paradise, is a Mediterranean island nation of significant strategic importance. The WorldWay Group has learned that recently, Cyprus has been receiving good news in the areas of economy, energy, and real estate, bringing tremendous investment opportunities to investors and attracting a large influx of international capital.
In terms of economy: Cyprus GDP grew by 3.5% in the first quarter of 2019, reaching twice that of the European Union
According to official data from the statistical office, the Cypriot economy grew by 3.5% year-on-year in the first quarter of 2019, achieving growth for 17 consecutive quarters. Compared to the previous quarter, GDP grew by 0.9% in the first quarter of 2019, remaining stable compared to the fourth quarter of 2018. Based on seasonal adjustments, the actual GDP annual growth rate is expected to be 3.5%.
The Ministry of Finance of Cyprus stated that the Cypriot economy remains "one of the fastest-growing countries in the Eurozone." Compared to the same period last year, seasonally adjusted GDP increased by 1.2% in the Eurozone and by 1.5% in the 28 EU countries.
In terms of energy: Energy giants are expanding their operations in Cyprus's exclusive economic zone
In recent years, Cyprus has discovered natural gas resources multiple times, with major energy companies entering and expanding their energy extraction operations in Cyprus's exclusive economic zone. It is reported that Cyprus has currently formed partnerships with countries such as the United States, France, and Italy to extract and export more natural gas resources, and is gradually striving to develop into Europe's energy center.
Cyprus has significant energy advantages, driving the country's economic takeoff and providing investors with greater development space.
In terms of real estate: Cyprus real estate sales reach an 11-year high
According to official data from the Land and Survey Department, real estate sales in Cyprus surged in April, increasing by 61% year-on-year, with a total of 1,057 sales contracts for commercial properties, residential properties, and land registered at the Land Registry, reaching the highest monthly figure since September 2008. Among the 1,057 contracts, 628 (59%) were registered by Cypriots, while the remaining 429 (41%) were registered by non-Cypriots, including 123 EU citizens and 306 non-EU citizens.
Data in the economy, energy, and real estate all indicate that the time for investment in Cyprus has arrived. Currently, through the Cyprus Investment Citizenship Program, one can obtain a high-value Cypriot EU passport for the whole family by investing in real estate starting from €2 million and making a donation of €150,000.
As a member of the European Union, Cyprus enjoys all the benefits of EU membership, such as the free movement of goods, products, services, capital, and labor among EU member states, making it a golden springboard for investors entering the EU and Eastern European markets. Holders of the Cypriot EU passport can not only travel visa-free to over 150 countries and regions worldwide but also freely migrate, work, and reside in any of the 28 EU member countries (including the United Kingdom, Germany, Austria, Italy, France, Finland, etc.) as well as the three member countries of the European Economic Area (Norway, Iceland, Liechtenstein) and Switzerland, totaling 32 European countries, enjoying the generous benefits of EU citizenship!
With a booming economic situation, investment and identity can both be secured, now is the time to immigrate to Cyprus! The WorldWay Group, a leader in the investment immigration industry and one of the top 500 Asian brands, has always been at the forefront of promoting Cyprus passport immigration: in 2011, it was one of the first to introduce the Cyprus Permanent Residency and Citizenship by Investment Program to China, starting an exciting journey of European investment immigration; in 2014, the "Paphos Night" events in Beijing and Shanghai were investment and cultural exchange activities themed around European cities. Choosing the professional WorldWay Group, which has good government relations, makes the immigration process easier! Consultation hotline: 400-138-2929.
